Eurozone Preliminary Manufacturing PMI steadies at 44.2 in December vs. 44.6 expected
|- Eurozone Manufacturing PMI stayed unchanged at 44.2 in December, missing estimates of 44.6.
- Bloc’s Services PMI declined to 48.1 in December vs. 49.0 forecast.
- EUR/USD keeps losses near 1.0950 after German, Eurozone PMI reports.
The Eurozone manufacturing sector contraction stalled but the services sector’s deepened in December, the latest figures from the HCOB's latest purchasing managers index survey showed Friday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) arrived at 44.2 in December when compared to the anticipated reading of 44.6 and matching the 44.2 registered in November. The index remained at a six-month high.
The bloc’s Services PMI dropped to 48.1 in December from 48.7 in November, hitting a two-month low while missing the 49.0 forecast.
The HCOB Eurozone PMI Composite fell to 47.0 in December vs. 48.0 expected and November’s 47.6 readout. The index touched a two-month trough.
(This story is corrected on Dec 15 at 09:40 GMT to say that "Eurozone Manufacturing PMI stayed unchanged at 44.2 in December, missing estimates of 44.6," not beating)
FX implications
EUR/USD is consolidating the latest downtick to near 1.0950 after dismal Eurozone PMIs. The spot is down 0.33% on the day, as of writing.
Euro price this week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -1.78% | -1.56% | -1.55% | -2.08% | -2.34% | -1.58% | -1.50% | |
| EUR | 1.74% | 0.21% | 0.21% | -0.30% | -0.56% | 0.19% | 0.27% | |
| GBP | 1.56% | -0.21% | 0.02% | -0.49% | -0.75% | 0.00% | 0.08% | |
| CAD | 1.53% | -0.23% | -0.01% | -0.51% | -0.77% | -0.02% | 0.06% | |
| AUD | 2.04% | 0.30% | 0.50% | 0.51% | -0.26% | 0.49% | 0.57% | |
| JPY | 2.29% | 0.53% | 0.67% | 0.77% | 0.27% | 0.72% | 0.82% | |
| NZD | 1.55% | -0.21% | 0.01% | 0.02% | -0.50% | -0.76% | 0.07% | |
| CHF | 1.47% | -0.30% | -0.07% | -0.06% | -0.57% | -0.83% | -0.08% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.